Michigan Compiled Laws § 124.479 Duration Of Financial Obligation.

124.479 Duration of financial obligation.

Sec. 29.

Notwithstanding any other provision of this act, a political subdivision may obligate itself financially for a period over 5 years from the date the obligation is undertaken only if approved by majority vote of the electorate of the political subdivision.

History: 1986, Act 196, Imd. Eff. July 10, 1986

Section: Previous  124.466  124.467  124.468  124.469  124.470  124.471  124.472  124.473  124.474  124.475  124.476  124.477  124.478  124.479  

Last modified: October 10, 2016